Cargill invests US$113m in Ivory Coast and Ghana cocoa processing expansions

5 Dec 2019

WEST AFRICA – Global agribusiness company, Cargill will be investing over US$113 million to expand its cocoa processing sites in Yopougon, Ivory Coast and Tema, Ghana. The company is planning...

GPI plans to offload majority stake in Burger King in move to become an investment company

4 Dec 2019

SOUTH AFRICA - Grand Parade Investments (GPI), the master franchise holder for Burger King in SA, is in talks with an unnamed buyer to offload a majority stake in the...

Choppies exits South Africa with sale of stores to King Investments

4 Dec 2019

SOUTH AFRICA - Choppies Group has offloaded its South Africa stores and distribution centres to King Investments following the launch of open bids for its 88 stores in October to...

Taste Holdings appoints Duncan Crosson as new chief executive

4 Dec 2019

SOUTH AFRICA - The current head of Taste’s luxury food division, Duncan Crosson, has been appointed as the new CEO of Taste Holdings following the exit of Dylan Pienaar as...

Zimbabwe’s private, public sector collaborate in boosting grain production

4 Dec 2019

ZIMBABWE - PHI Commodities, subsidiary of National Foods Limited has committed to fund over 20 000 hectares of both maize and wheat production under contract farming during the 2019/2020 summer...

Silvertree invests South African new virtual kitchen business Darth Kitchens

4 Dec 2019

SOUTH AFRICA - Cape Town-based investor Silvertree Holdings has invested R5 million (US$0.34 million) in return for a majority stake in former OrderIn co-founder Heini Booysen’s new Darth kitchens business....

Thai Union makes strategic investment in Icelandic seafood company Aegir

5 Dec 2019

THAILAND – Bangkok-based seafood company, Thai Union Group has made a strategic investment in Aegir Seafood Company, one of the leading producers of cod liver in Iceland. The company said...

United Breweries forays into craft beer segment with Kingfisher Ultra Witbier

5 Dec 2019

INDIA - Bangalore-based United Breweries Limited has ventured into the alternate beer category with the launch of the Kingfisher Ultra Witbier – the first non-lager beer from the house of...

Agribusiness trade modernization initiative advances with new project name, Covantis

5 Dec 2019

USA - The founding members of the industry-wide initiative to modernize global trade operations; ADM, Bunge, Cargill, COFCO International, Louis Dreyfus Company and Glencore Agriculture have announced its new project...

AB InBev to use electric Volvo Trucks to deliver beers with zero emissions

5 Dec 2019

EUROPE - AB InBev, the world’s leading brewer and Volvo Trucks, have announced the order of a brand new in series produced Volvo Electric Truck, which will deliver its beers...

Coca-Cola realigns its bottling operations in North India to improve efficiencies

5 Dec 2019

INDIA – The Coca-Cola Company has announced an internal realignment of its bottling operations in North India, as the beverage giant moves to build a stronger and more sustainable local business....

British online grocer Ocado launches US$642m bond issue to fund robotic warehouse deals

4 Dec 2019

UK - Ocado, a dedicated online grocery retailer has launched a £500 million (US$642 million) convertible bond offering, partly to fund the construction of robotic warehouses for its overseas partners....